Industry

The allegations, coming from two former clients of the recently dismissed advisor, demonstrate how a big producer could also become a big liability for firms, securities law experts say.

Fidelity's custody unit is backing a deal in which a Mariner Holdings unit will pay 35 basis points for referrals of mass affluent customers.

Of the 40 odd banks that own their broker dealer, eight list their wealth management executives among their five highest paid officers.

A former RBC team that had over $1.25 million in combined production has joined Janney Montgomery Scott.

"Insurance and risk management services are an important aspect of our strategic plan to broaden the scope of services that we offer to our wealth, business and consumer clients," said Frank Leto, Bryn Mawr's president and CEO.

HMN Financial in Rochester, Minn., has agreed to buy certain assets and liabilities of Kasson State Bank.

Focus Financial expand into Southeast with family-owned firm that has $600 million in AUM but no succession solution.

HighTower adds a group led by one of On Wall Street's Top 40 Advisors Under 40.

Financial Planning surveyed its readers to ask about compensation trends, their current structure and any changes their firm was making. We found some of the answers surprising.

The billions firms spend on technology are weighted too heavily toward infrastructure, Aite Group says, and not enough on client-facing upgrades instead.